abc lateline on nickel

ABC Lateline Business tonight said that Deutsche Bank believes the recent slide in the nickel price has reached bottom. Quoting Deutsche Bank:
"in our view, nickel has reached oversold territory and is currently well below the marginal cost of production, indicating prices have hit bottom and should correct from here. Furthermore, LME nickel inventories have fallen nearly 20% since mid-April."

The commentator, and others in the blogosphere are saying that nickel stocks can only rise from here...$4 for ALB sounds like a fair price to me :)

Robert